Content Claiming the Special Depreciation Allowance How to create a property purchase journal entry from your closing statement Real Estate – How to Determine Which Asset Class Is Best for You Difference Between Fixed & Movable Assets Brokerage Services You stop depreciating property when you retire it from service, even if you haven’t fully recovered […]
It gets reversed at a time when the expense is deducted for tax purposes. The examples of prepaid expenses include prepaid rent, prepaid insurance etc. Thus, one of the key cash management strategies entails that idle cash should not be locked up into unproductive accounts. Instead, surplus cash needs to be put into such marketable instruments. Expected […]
Content Predetermined Overhead Rate Usage Predetermined Overhead Rate (POHR): Formula and Calculation Calculation of Predetermined Overhead and Total Cost under Traditional Allocation Importance of Overhead What is the Predetermined Overhead Rate Formula? Guide to Predetermined Overhead Rate Formula Component Categories under Traditional Allocation Now, calculate the predetermined overhead rate for the departments listed above. Next, […]
Content How door knocking can help you grow your bookkeeping business Create a Bookkeeping Business Plan What About Previous Professional Experience? How Can a Bookkeeper Become an Accountant? Moving on with our DAO Ops series, it’s time to bring up bookkeeping and some best practices that will keep your books clean and your accounts balanced. […]
